RE: JV separate listing2 Feb 2021 13:23
Banan, form the September '20 RNS:
"Plan for the Strategic Joint Venture
The vision for the Strategic Joint Venture is to create a Botswana-focussed minerals exploration company, which will ultimately seek a separate listing on either a Canadian or British stock exchange.
The immediate aim for this new company will be to make rapid progress in the field, across its portfolio of large-scale exploration projects. The new company may also seek to acquire additional prospecting licenses, building on the good standing its directors have in Botswana"
It will be beneficial to KAV since, when the company is listed, KAV will own 50% of the SJV (Or "Kanye" as it seems likely to be known). They could therefore sell shares in Kanye to raise funds for KAV activities rather than raising funds via placings. It also stops tha KAV Management from being distracted from the KSZ, which where the big pay day is likely (IMO)!